We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SunTrust (STI) Rewards Shareholders With 12% Dividend Hike
Read MoreHide Full Article
SunTrust Banks, Inc.’s (STI - Free Report) board of directors approved a 12% hike in the quarterly common stock dividend. The revised quarterly dividend is now 56 cents per share, up from the prior payout of 50 cents. This dividend is payable on Sep 16 to shareholders of record as of Aug 30.
Since 2013, SunTrust has been raising its dividend annually. Prior to this hike, the company hiked its dividend by 25% (from 40 cents to 50 cents per share) in August 2018.
We remain optimistic about SunTrust’s potential to continue enhancing shareholder value, driven by its strong cash generation capabilities.
In the biggest bank deal since the 2007-2009 financial crisis, the company will be acquired by BB&T Corp for $66 billion in an all-stock merger.
Per the terms of the deal, BB&T shareholders will own roughly 57% and SunTrust shareholders will own around 43% of the combined entity. Moreover, SunTrust shareholders will receive a 5% increase in their dividend upon the completion of the deal.
Notably, given SunTrust’s exemption from the Federal Reserve's annual stress tests in accordance with the Economic Growth, Regulatory Relief and Consumer Protection Act of 2018, the company has flexibility in announcing capital plans.
Some other finance companies like KeyCorp (KEY - Free Report) and Zions Bancorporation (ZION - Free Report) have also been exempted from the Federal Reserve's annual stress tests.
Given SunTrust’s solid liquidity position, earnings strength and lower debt level, it will likely retain its improved capital deployments and continue enhancing shareholder value moving ahead.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
Image: Bigstock
SunTrust (STI) Rewards Shareholders With 12% Dividend Hike
SunTrust Banks, Inc.’s (STI - Free Report) board of directors approved a 12% hike in the quarterly common stock dividend. The revised quarterly dividend is now 56 cents per share, up from the prior payout of 50 cents. This dividend is payable on Sep 16 to shareholders of record as of Aug 30.
Since 2013, SunTrust has been raising its dividend annually. Prior to this hike, the company hiked its dividend by 25% (from 40 cents to 50 cents per share) in August 2018.
We remain optimistic about SunTrust’s potential to continue enhancing shareholder value, driven by its strong cash generation capabilities.
In the biggest bank deal since the 2007-2009 financial crisis, the company will be acquired by BB&T Corp for $66 billion in an all-stock merger.
Per the terms of the deal, BB&T shareholders will own roughly 57% and SunTrust shareholders will own around 43% of the combined entity. Moreover, SunTrust shareholders will receive a 5% increase in their dividend upon the completion of the deal.
Notably, given SunTrust’s exemption from the Federal Reserve's annual stress tests in accordance with the Economic Growth, Regulatory Relief and Consumer Protection Act of 2018, the company has flexibility in announcing capital plans.
Some other finance companies like KeyCorp (KEY - Free Report) and Zions Bancorporation (ZION - Free Report) have also been exempted from the Federal Reserve's annual stress tests.
Given SunTrust’s solid liquidity position, earnings strength and lower debt level, it will likely retain its improved capital deployments and continue enhancing shareholder value moving ahead.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>